Spot bitcoin ETF Franklin Templeton Digital Holdings Trust (EZBC) has cut its fee, making it (as of late Friday morning) the lowest among all current issuers. The asset management firm will also waive fees until the fund reaches $10 billion in assets under management. The newly approved spot bitcoin ETFs collectively saw more than $4 billion in volume on the first day of trading. Sandy Kaul, Franklin Templeton's Head of Digital Asset and Investor Advisory Services, joins Yahoo Finance Live to discuss the company’s involvement in the digital asset space. Kaul believes that the addition of a spot bitcoin ETF to the company’s suite “provides a new type of alternative exposure” that, ideally, will provide investors the opportunity to diversify their portfolios at a lower rate. Kaul does note there are higher costs that the company will have to absorb, but remains optimistic, “we have confidence, over the long run, that we will raise more than enough assets to be able to offer this really strong incentive early on.” Kaul acknowledges the concerns and fears that many investors have about investing in bitcoin, stating plainly that “there were bad actors that took advantage of that lack of oversight in the early years,” of bitcoin, but notes regulations will be expanding globally. Kaul also discusses the “peer-to-peer” nature of the bitcoin industry, stating “this is really the next generation of platform economies” and expects the sector to become more accessible to every sort of investor. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim

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